Biden to Propose Almost Doubling Capital Gains Tax for Wealthy

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  • Bloomberg Politics published this video item, entitled “Biden to Propose Almost Doubling Capital Gains Tax for Wealthy” – below is their description.

    Apr.22 — President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%, which, coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%, according to people familiar with the proposal. Bloomberg’s Laura Davison reports on “Bloomberg Markets.”

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